index universal life

by Brendan
(Jakarta, Indonesia)

Is it possible to pay into one of these for a 50 year contract?

Can i start without a lumpsum payment, and just start at 50 dollars per month, and then increase payments as i get more income over my life?

regards

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index universal life

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by: Robert Eldridge

Hello,

You have to first make sure that this product is available in your country. You could set up one for $50 a month but do fund it right, it would make more sense to over fund these types of policies otherwise you are just paying for Cost of Insurance (COI) and not building up cash value.

Find out:

1. Is the product available in your country?
2. What is the taxation on growth?
3. What is the taxation if any when you take out money?

Contact me with more questions.

Respectfully,

Robert

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